Citi Trends Inc reports results for the quarter ended in July - Earnings Summary

Citi Trends

27/08/2024 15:21

* Citi Trends Inc  CTRN.OQ  reported a quarterly adjusted
loss of
$1.95​​ per share for the quarter ended in July, lower than the
same quarter last year, when the company reported EPS of -60
cents.  The mean expectation of three analysts for the quarter
was for a loss of 52 cents per share. Wall Street expected
results to range from -60 cents to -47 cents per share.
    * Revenue rose 1.7% to $176.55 million from a year ago;
analysts
expected $179.12 million. 
    * Citi Trends Inc's reported EPS for the quarter was a loss
of
$2.63​.
    * The company reported a quarterly loss of $16.2 million.
    * Citi Trends Inc shares had fallen by 22.7% this
quarter and
lost 41.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the apparel &
accessories retailers peer group is also "buy"

Wall Street's median 12-month price target for Citi Trends Inc
is $33.00 
This summary was machine generated from LSEG data August 27 at
02:21 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jul. 31 2024      -0.52          -1.95          Missed
 Apr. 30 2024      0.80           -0.32          Missed
 Jan. 31 2024      0.80           0.53           Missed
 Oct. 31 2023      -0.17          -0.56          Missed